• Dr. Henri Winand, CEO, Intelligent Energy opens London trading
• IPO raises £55 million; company valued at £639 million at admission
• £2.3 billion raised by technology companies on London Stock Exchange in 2014
London Stock Exchange today welcomed Intelligent Energy, the energy technology group, to open trading. Dr. Henri Winand, Intelligent Energy CEO formally opened the market, celebrating the Group's £639 million IPO on the Standard segment of the Main Market. The company raised £55 million at admission.
Intelligent Energy develops advanced, power dense hydrogen fuel cell technologies, to provide efficient and clean power generation. It is the 19th technology business to list on London Stock Exchange in 2014. These 19 companies have a combined market capitalisation of £6 billion and have raised nearly £2.3 billion.
"Intelligent Energy's listing demonstrates London's capacity to attract the world's most exciting and innovative technology companies. The firm is the 19th technology company to float on our markets this year underlining UK and international investor appetite for innovative and ambitious businesses from the sector, as well as London Stock Exchange's role in helping support innovation through long term equity finance."
Dr. Henri Winand, Chief Executive Officer of Intelligent Energy Holdings plc, commented:
"The listing is a significant strategic step for Intelligent Energy and will provide us with the funds to exploit fully the exciting commercial opportunities available to the Company in our three divisions of Motive, Consumer Electronics and Distributed Power & Generation, which are the current focus of the business. All three are subject to significant structural trends and they have the potential to generate sizeable product and service opportunities for Intelligent Energy."